J-STORIES ー As everything we see seems to be going digital, and currencies are no exception.
Governments and central banks around the world are launching official state-backed digital currencies. But for some countries, developing the necessary technologies from scratch is posing a big challenge.
A few Japanese fintech companies are providing solutions for this problem.
One of them, Tokyo-based GVE Corporation, offers a platform to digitize central bank currencies, turning them into Central Bank “Digital” Currencies, or CBDGs.
The company has yet to disclose which country or countries it’s working with, but the Tokyo-based start-up recently joined the ranks of “unicorns” in Japan with an estimated valuation of about two billion dollars.
In January of this year, the company resolved to issue new shares with an estimated market capitalization of 224.2 billion yen to fund the development of EXC, a platform for digitizing legal currencies.
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